Hello everyone, GBPUSD 4H NEW FORECAST The GBPUSD rate is showing slight positive trading. It may be heading towards a possible test of the pivotal resistance 1.2550 before returning lower again. The downward trend scenario is valid unless the price rushes to breach the mentioned resistance and hold above it. Expected targets start at 1.2480 and extend to...
Hello everyone, WTI Oil 4H NEW FORECAST The price has breached the resistance zone and continues its upward trajectory, aiming to reach 80.40 . We anticipate a minor correction to 79.60 before the price ascends further towards 80.40 , and potentially beyond to 81.03. Conversely, a consolidation below the levels of 79.60 could indicate a downward movement...
Hello everyone, Dow Jones 4H NEW FORECAST The index price returned in yesterday’s trading to test the additional support extending towards 39092, which constitutes an essential factor in confirming the bullish scenario. We notice that the price is covered in green as a result of achieving significant gains by exceeding the first stable target at 39559 and...
Hello everyone, GOLD 4H NEW FORECAST The price of gold ended yesterday's trading with a noticeable positive note, as it breached the 2325 level and settled above it, halting the downward corrective path and heading towards resuming the main upward trend, on its way to achieving gains starting at 2393 and extending to 2431. Therefore, the upward bias will be...
Hello everyone, GBPUSD 4H NEW FORECAST The GBPUSD price finds strong support at the 1.2480 level. The 50 moving average forms negative pressure that supports the chances of continuing the expected downward trend for the coming period, whose next target reaches 1.2425 and 1.2385. We expect the bearish intraday trend, keeping in mind that a breach of $1.2515...
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price succeeded in resuming the upward attack, taking advantage of the formation of the 38800 level of the neck level of the inverted two-peak pattern, which in turn confirms the dominance of the bullish scenario. We noticed that it achieved some positive goals by reaching about 39100. We would...
Hello everyone, GOLD 4H NEW FORECAST The gold price did not show any strong movement yesterday, as it remained stable around 2310 There is no change in the expected bearish trend scenario in the intraday term, which targets visiting the 38.2% Fibonacci retracement level at 2260 as the next main stop. The 50 moving average continues to support the suggested...
Hello everyone, USNAS100 4H NEW FORECAST The index price returned to offer side trading as a result of the conflict of the main indicators. We note that it was trapped between the stable barrier at 18265.00 and the additional support level positioned near 18025. We expect the price to continue to fluctuate currently between the previously mentioned axes, so we...
Hello everyone, USNAS100 1D NEW FORECAST In yesterday's trading, the index price succeeded in recording the first stable positive target at 18180, which constituted an immediate obstacle to bullish trading. We noticed the formation of an immediate negative bounce, testing additional support extending towards 18170 The conflict of the main indicators currently...
Hello everyone, GBPUSD 4H NEW FORECAST Trade the British pound against the dollar Analysis of performance and expectations for upcoming trades Continuous decline towards 1.2480 and beyond Breaking the support level and reaching 1.2385 as a negative target Expectations for further decline in the coming sessions Given the negative behavior of the GBP/USD rate, it...
Hello everyone, SPx500 4H NEW FORECAST The index price maintained its positive stability above the additional support centered near 5175, confirming to us that it was affected by the previously suggested upward path, and we can notice its fluctuation currently near 5210. Also, the combination of the main indicators in presenting positive momentum supports the...
Hello everyone, WTI Oil 4H NEW FORECAST Analysis of performance and expectations for upcoming trades Continuing negative trading towards the 76.00 level, waiting for a break of 77.65 Expectations of the negative impact of the double top pattern and the 50 moving average It is necessary to breach the 79.60 level to stop the corrective wave and begin recovery...
Hello everyone, Dow Jones 4H NEW FORECAST The index price achieved some additional gains in yesterday's trading by touching the 39092 level, and then was forced to form some temporary negative bounce, affected by the attempt of the Stochastic indicator to exit the overbought level. We would like to remind you that the bullish scenario will remain with repeated...
Gold price trading Analysis of performance and expectations for upcoming trades Expected scenario Continuing the downward corrective trend towards a target at 2260 Continuing negative impact from the 50 moving average It is necessary to breach the 2325 level to begin recovery attempts and the expected rise The price of gold did not show a strong movement...
Hello everyone, WTI Oil 4H NEW FORECAST Oil price fluctuates positively, approaching testing the pivotal resistance 79.60. The price needs to remain below this level for the bearish corrective trend to remain effective. Breaking 79.60 represents the key to starting recovery attempts and achieving gains up to 81.50 initially. Moving average 50 supports the...
Analysis of the price of the British pound against the dollar Expected scenarios and trading range The pound sterling price against the dollar stabilizes around the 1.2550 level, awaiting the resumption of the bullish wave to breach the $1.2580 level and confirm the continuation of the rise to achieve new gains up to 1.2624, supported by the 50 moving average...
Hello everyone, GOLD 4H NEW FORECAST Expected scenarios and trading range The gold price shows some slight upward bias to test the moving average 50, which constitutes good resistance against the price, protecting the bearish corrective trend scenario and supporting the chances of resuming the decline during the coming sessions, waiting to visit the 2260 level...
Hello everyone, Oil 4H NEW FORECAST Oil price trading below 79.60 keeps the bearish corrective scenario active. Targeting 77.65 as the next target, as it represents the 61.8% Fibonacci level of the previous high. The effect of the previously completed double top pattern on the price of oil. Exceeding the 79.60 level and holding above it may stop the downward...